Origin Investments has successfully completed its first acquisition through the newly launched Origin Exchange investment program, utilizing a Delaware Statutory Trust (DST). This trust allows investors to defer capital gains taxes and provides an attractive opportunity for those looking to invest in real estate.
The property acquired by Origin is The Starling, a 300-unit multifamily community developed in 2022 by NRP Group. Located in northeast suburban Dallas, The Starling was already at 92% occupancy at the time of purchase.
According to Phil Schuholz of Origin Investments, this acquisition was made below current replacement costs and even offers a greater discount compared to two years ago.
Situated on a 12-acre site in Princeton, Texas, The Starling consists of eleven three-story Class A residential buildings. It offers studio and one- to three-bedroom floorplans ranging from 622 to 1,399 square feet. Additionally,the property includes amenities such as swimming pool,a dog park,two private business offices,a conference room,and an entertainment area.It also features detached garages,caports,and ample parking space with over four hundred spots available for residents’ use.
